Cheque received but not cleared

Dear Sir,

Cheque received from party on date 29 April but cheque date 31.03 so please suggest in tally which group i creat the ledger cheque received but not cleared.
Replies (4)
Quick Summary
If you've received a cheque that hasn't cleared yet, you don't necessarily need a separate ledger in Tally. The system can handle this through your bank reconciliation process. Ensure you enter the transaction date correctly, and the cheque's status will be reflected when you perform your bank reconciliation. This approach helps maintain accurate accounting records without creating unnecessary complexity.

To enter a cheque, deposit or accounting entry, proceed as follows:

  1. In the General Ledger tab, Transactions group, click ChequeDeposit or Accounting Entry to display the corresponding window.
    If this is the first entry of a cheque or deposit, the Selecting a Bank window is displayed in order to select the appropriate bank account. The account is displayed on the first line of the table.
  2. On the first line of the table, the Account column displays the default account number used for the first entry of a cheque or deposit. Modify if required. For an accounting entry, enter the appropriate account.
  3. On the second line, enter the Account to debit or credit based on the type of transaction.
  4. Enter the transaction amount in the appropriate column:
    • For a cheque, enter the amount in the Debit column. The amount is automatically entered in the Credit column and in the Cheque Amount field.
    • For a deposit, enter the amount in the Credit column. The amount is automatically entered in the Debit column and in the Deposit Amount field.
    • For an accounting entry, enter the amount in the Debit and Credit columns. The Balance field must display 0.
It should be respective heads . Receipt or payment or others.. Cheque deposits but not cleared those are just for BRS purposes only .Need not require additional ledger.

Enter the clearance date in bank reconciliation
You have to pass the entry on 31st but it will appear in bank reconciliation.
Seperate ledger is not required for cheques deposited but not cleared ..It's just automated from entries made

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